other material
confidence high
sentiment positive
materiality 0.70
SELLAS Life Sciences raises $21M in registered direct offering at premium to market
SELLAS Life Sciences Group, Inc.
- Gross proceeds of ~$21M from sale of 15,849,056 units (share or pre-funded warrant + warrant) at $1.325/unit.
- Warrants exercisable for 15,849,056 shares at $1.20, immediately exercisable, five-year term.
- Maxim Group acted as sole placement agent; offering priced at premium to market reflecting investor demand.
- Offering closed on August 1, 2024, under effective shelf registration statement.